$33.95 Million in Sales Expected for Upland Software Inc (UPLD) This Quarter

Analysts forecast that Upland Software Inc (NASDAQ:UPLD) will announce sales of $33.95 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Upland Software’s earnings, with the highest sales estimate coming in at $34.09 million and the lowest estimate coming in at $33.70 million. Upland Software posted sales of $23.28 million during the same quarter last year, which would indicate a positive year over year growth rate of 45.8%. The business is expected to announce its next quarterly earnings results on Thursday, August 9th.

On average, analysts expect that Upland Software will report full-year sales of $137.17 million for the current financial year, with estimates ranging from $137.01 million to $137.30 million. For the next year, analysts anticipate that the firm will report sales of $147.89 million per share, with estimates ranging from $145.76 million to $149.70 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Upland Software.

Upland Software (NASDAQ:UPLD) last released its quarterly earnings data on Wednesday, May 9th. The software maker reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.12. The business had revenue of $31.62 million during the quarter, compared to analysts’ expectations of $30.05 million. Upland Software had a negative net margin of 14.95% and a positive return on equity of 9.06%. The firm’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS.

Several brokerages have issued reports on UPLD. Canaccord Genuity upped their price target on shares of Upland Software from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, June 29th. BidaskClub cut shares of Upland Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research upgraded shares of Upland Software from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Wednesday, May 23rd. ValuEngine upgraded shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Needham & Company LLC upped their price target on shares of Upland Software from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, June 29th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $35.00.

In other news, CEO John T. Mcdonald sold 40,000 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $27.72, for a total value of $1,108,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David May sold 35,021 shares of the company’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $35.21, for a total transaction of $1,233,089.41. Following the completion of the sale, the director now directly owns 128,479 shares in the company, valued at $4,523,745.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,021 shares of company stock valued at $3,754,689. Corporate insiders own 14.70% of the company’s stock.

Several large investors have recently bought and sold shares of UPLD. BlackRock Inc. boosted its stake in shares of Upland Software by 3.7% in the 4th quarter. BlackRock Inc. now owns 372,927 shares of the software maker’s stock valued at $8,077,000 after purchasing an additional 13,401 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Upland Software by 16.1% in the 4th quarter. Mackenzie Financial Corp now owns 31,815 shares of the software maker’s stock valued at $689,000 after purchasing an additional 4,420 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Upland Software by 15.3% in the 4th quarter. Allianz Asset Management GmbH now owns 151,334 shares of the software maker’s stock valued at $3,278,000 after purchasing an additional 20,099 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Upland Software by 69.0% in the 4th quarter. Driehaus Capital Management LLC now owns 238,265 shares of the software maker’s stock valued at $5,161,000 after purchasing an additional 97,303 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Upland Software by 18.6% in the 4th quarter. Deutsche Bank AG now owns 184,086 shares of the software maker’s stock valued at $3,986,000 after purchasing an additional 28,883 shares during the last quarter. 50.00% of the stock is currently owned by institutional investors.

NASDAQ UPLD traded down $0.32 on Friday, hitting $35.67. The company’s stock had a trading volume of 84,600 shares, compared to its average volume of 224,376. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.82. Upland Software has a 1-year low of $18.52 and a 1-year high of $37.35. The stock has a market cap of $789.60 million, a P/E ratio of 42.99, a price-to-earnings-growth ratio of 1.89 and a beta of 0.47.

About Upland Software

Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.

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